Connect with us

Hi, what are you looking for?


Analyst: buy this bioenergy stock for a 50% return

Enviva Inc (NYSE: EVA) ended 7.0% up on Tuesday after a Raymond James analyst turned super bullish on the renewable energy company.

Enviva stock has upside to $80 a share

Pavel Molchanov, in a note this morning, said the stock was a “strong buy” with upside to $80 – representing a possibility that shares could climb another 50% from here.

Enviva stock sold off sharply after a short report from Blue Orca Capital last week. That sell-off, he argued, created an even better opportunity to buy shares of this bioenergy company at a deep discount.

We’re upgrading Enviva Inc as a direct result of the market misunderstanding the ESG attributes of the business. With the healthy and growing dividend, we think the stock’s recent dislocation provides a compelling entry point.

Enviva pays a dividend yield of about 6.5%.

Enviva to report quarterly results next month

Enviva is scheduled to report its Q3 results in the first week of November. Consensus is for it to earn 9 cents a share this quarter versus 63 cents a year ago.

The aforementioned short report has the Enviva stock now trading down about 40% for the year. Still, Molchanov wrote:

It’s a textbook example of sentiment-based multiple compression. We’re making an affirmative case for something we never thought would become a point of contention: bioenergy is environmentally beneficial replacement for coal in power generation.

Its use is not “tantamount” to deforestation either, he added. The stock market news arrives only weeks after Enviva said Hurricane Ian did not meaningfully disrupt its operations and updated its guidance for the full year.

The post Analyst: buy this bioenergy stock for a 50% return appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Inflation appears to be on the decline. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew...


    Solana (SOL/USD) is enormously underrated as a cryptocurrency project, even with its hiccups – including the latest exploit on one of the ecosystem apps....

    Editor's Pick

    The new eSIM infrastructure will help modernise the IoT connectivity market with fast, secure connections and reduced vendor lock-in. 1oT, a tech startup from...


    The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023